The top 2 crypto assets Bitcoin & Ethereum have been reckless for more than a couple of months. The current trend is flashing a notable upswing closely approaching, but the technicals point to a diverse trend ahead. Amidst the swelling market sentiments, some of the altcoins may undergo a significant trend reversal soon.
Solana’s price is cemented along the support levels around $30 for nearly a week now. Hence extreme pressure on either of the sides may further enable the price to break out of the consolidation, regardless of the direction.
The SOL price is closely trading around $30 but the technicals suggest a notable drop may be fast approaching that may land up the price around the mid-20s. After reaching the last point of defense above $20, the price may rebound back above $30. Else a continued bearish trend may drive the price below $20.
Polkadot price in the near times has been pretty bearish, moreover, after the May crash, the asset is failing to inculcate a significant bullish momentum. Currently, the DOT price is consolidating within a very narrow range which points toward an interim bounce in the short-term ahead.
After the rejection of close to $10, the asset dropped heavily below $7 for the consecutive time forming a double-bottom pattern. Therefore, the plunge is expected to hit the lower bottom below $5 at around $4.5, and look out for a bounce. Further, a notable upswing above $10 may enable the price to hover in a bullish region or the neckline of the pattern.
This may further enable the price to inculcate a significant bullish momentum to pull a massive leg up above $15 very soon.
Near Protocol is displaying a slightly more diverse trend than Polkadot. The asset appears to have been preparing for a parabolic recovery to reach beyond $6 initially. Further, the bulls are expected to uplift the price above the crucial resistance at $7.5.
Currently, the NEAR price is trading at the resistance and after a brief consolidation is expected to slice through the resistance and spike high to reach the target close to $5. On the contrary, if the bullish trajectory invalidates, it may again test the lower support to accomplish the double bottom pattern.
Cardano’s growth receives another boost as the user dubbed ‘Ethereum killer’ plans to boost its decentralized application (DApp) base.
The post Cardano’s Djed Stablecoin is Just one Final Audit Away appeared first on Coinpedia Fintech News
The Vasil hard fork upgrade has caused Cardano’s growth to constantly improve. However, the value of Cardano has reversed. It failed to demonstrate a favorable trend in the price of ADA, which is currently about $0.42. (USD). Djed, the algorithmic stablecoin created by Cardano and Coti Network, is now in the process of being finished. …
Crypto has been seeing an unprecedented adoption rate in recent times, but not every part of the country has been welcoming to this industry. A lot of governments have been resistant to the adoption of crypto, even when residents have expressed wanting to be a part of it. So for all of the crypto lovers […]
A series of text messages released as part of ongoing litigation over Elon Musk’s failed Twitter deal reveals CEO of crypto exchange FTX, Sam Bankman-Fried, was willing to contribute up to $5 billion toward jointly acquiring the social media giant.
XRP, the crypto originally launched by the founders of blockchain payments company Ripple, has surged in response to the latest development.
Software company MicroStrategy might be expanding its adoption of Bitcoin. Earlier today, the company published a listed job offering for a Bitcoin Lightning Software Engineer hinting at a new project based on the cryptocurrency. Related Reading: Uniswap Labs Seeks $100 Million In Equity Round, Here’s Why In 2020, MicroStrategy attracted attention as it became one […]